Archive for the ‘Mining Company’ Category

Gryphon Gold Employs Cash Conservation While Continuing Plans for Mine Construction

Thursday, January 8th, 2009

Gryphon Gold Corporation announced that the Company has taken steps to significantly reduce costs and future commitments. The reductions were made to ensure business presence is maintained while planning continues to put the Borealis property in Nevada's Walker Lane gold belt into production. The Company plans to wait for capital ...

Green Forest Center for the expansion of mineral mines

Monday, December 29th, 2008

The Ministry of the environment ministry has given permission for the expansion plan of Usha Martin Limited mining facility in West Singhbhum. This company is in the press release stated that they have received permission, which paved the way for exploration in the Vijay-II Noamundi mines in the district. The Company has ...

1st coal mine in Bangladesh built by Chinese company highly lauded by both sides

Wednesday, December 24th, 2008

The 1st coal mine in Bangladesh built by the Chinese company was highly lauded by both sides saying it is a model of successful cooperation between the two countries. Balarpukulia Coal Mine, situated in northwestern Bangladesh, is the first and the only coal mine in the country. The coal mine ...

Bumi targets 10% rise in output

Friday, December 19th, 2008

PT Bumi Resources expects a 10 percent rise in output and sales next year, despite the coal mining company reducing this year's output forecast. Asia's biggest exporter of power-station coal forecasts that next year's output volume will rise to 60.5 million tons, from an estimated production of 55 million tons in ...

ICVL in talks with foreign cos for coal asset buyouts

Friday, December 19th, 2008

International Coal Ventures (ICVL), a vehicle floated by five public sector companies, is in talks with three New Zealand-based coal mining firms — Te Kuha, Tatu and Coal Brookdale — and a US-based coal company Tennessee for buyouts worth $450-500 million. The talks, if successful, will give India access to 220 million ...

Coal India plans to acquire Indonesian mines

Friday, December 19th, 2008

Coal India Ltd., the country's largest coal producer, plans to acquire three mining blocks with an estimated reserve of over 120 million tonnes in Indonesia to augment supply of the dry fuel for its consumers back home, a top company official said. "We would speed up the acquisition of exploratory blocks ...

A Debate Over the Future of Uranium in Nebraska

Wednesday, December 17th, 2008

From a distance, Nebraska's only uranium mine looks a lot like a cemetery. White barrels and black boxes cover the wellheads of the 5,000 wells that pump water 500 to 800 feet underground so that uranium can be dissolved and pumped back to the surface. The well covers that dot the hillsides ...

Powertech acquires land in Wyoming, South Dakota

Wednesday, December 17th, 2008

Powertech Uranium Corp., which is pursuing a permit to mine for uranium on about 5,700 acres in western Weld County, announced it has acquired additional mining claims and leases in Wyoming and South Dakota. The company purchased 381 mining claims and 8,186 acres of Wyoming state mining leases for a total ...

Redhawk Announces Changes to the Board of Directors

Saturday, December 13th, 2008

Redhawk Resources, Inc. is pleased to announce the appointment of R. Joe Sandberg, B.Sc., MBA, AIPG, to the Board of Directors. Joe Sandberg has been with Redhawk since 2004 and is currently the president of the Company and has been involved in exploration development and project management in the mining ...

Bougainville landowners call for mining

Saturday, December 13th, 2008

Bougainville landowners who fought Papua New Guinea security forces in a decade-long civil war sparked over a giant copper mine want to restart mining to achieve viable independence. Panguna Landowners Association (PLA) chief Michael Pariu told AAP that mining was the only way the island's independence from PNG could be economically ...